This Week In Heat Vision breakdown

Titled Triplets, the story would see Schwarzenegger and DeVito as brothers Julius and Vincent, conceived experimentally, who discover they have third sibling.

The project doesn’t have a director at this early stage -- Ivan Reitman, who helmed the original, would only act as a producer with his Montecito Picture Co. cohorts Joe Medjuk, Tom Pollock and Ali Bell, according to sources -- but the hunt is on for writers to develop the idea. Insiders caution that no substantial creative discussions have taken place between Universal and Montecito.

The actors are attached to star.

This wouldn’t be the first sequel to an 1988 film that Universal is working. The studio is developing a sequel to Midnight Run that sees Robert De Niro, one of the film’s two original stars along with Charles Grodin, returning in an incarnation to be directed by Brett Ratner.

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